Public vs. Private Chains

Parity

Security

Public chains validate data by solving a complex, cryptographic problem.

On private chains, the single regulatory authority validates all blocks.

Trust

Only public blockchains are decentralized & offer trustless, transparent data.

Private chains are owned by a singular company & person, and thus not tamper-proof.

Industries

Businesses across industries looking for a unified solution & visibility for global supply chain can benefit from ShipChain.

Pharmaceutical

Major concerns exist over privacy and transparency in pharmaceutical supply chains. Safeguarding medications from exposure in-transit, tampering, or counterfeiting is important to prevent the consumer or even B2B reseller unknowingly putting the health of millions at risk. Blockchain validation grants complete access to product from manufacturing to distribution.

Medical Equipment

Medical equipment carries significant standards for testing, and can easily cost hundreds of thousands of dollars. Unfortunately, failure to maintain quality control, authenticity, and traceability at every stage of manufacturing and transportation stage can render it useless. When health care professionals need medical equipment, they do not have time to worry about whether it will work as expected.

Food, Agriculture and Farming

In industries involved in food processing and distribution, traceability is crucial to preventing the spread of food-borne illness, as demonstrated by multiple recalls through 2018. Food processing centers and manufacturers can leverage blockchain to reduce risk of food-borne illness by ensuring products are kept at proper temperatures and not subject to tampering. If an illness is found, blockchain could allow for immediate recall and even automated notification of locations that may have the affected products.

Rental Enterprises

Knowing every stage of rental equipment’s lifespan, including runtime and location, is crucial to businesses that rent temporary-use equipment including vehicles, electronics and more. In addition, certain rental equipment may fall under other categories, like durable medical equipment.

Logistics Service Providers

Knowing where a shipment is located and its time to arrival are key factors in keeping the B2B and B2C operations alive for companies that transport goods around the globe. The application of blockchain for logistics service providers extend to those servicing any type of supply chain.

Retail Stores

Retailers’ successes depend on a reliable, traceable supply chain in any of the aforementioned industries. They may sell medical equipment, foods, pharmaceuticals, clothing and much more. With return rates increasing with the e-commerce revolution, the use of blockchain will increase transparency and accountability for returns management and giving consumers authentic, safe merchandise.

Intermodal

ShipChain is completely intermodal and capable of tracking virtually any form of transport.